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Technology Stocks : Ampex Corporation (AEXCA)
AMPX 10.67+2.4%Nov 18 3:59 PM EST
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To: Alan Cassaro who wrote (11136)9/18/1999 8:00:00 PM
From: Michael Olds  Read Replies (3) of 17679
 
Actually three good days Al. From the low of 2.5 on the 14th, and figuring that the close friday was 3.125 (and that the three was just an error) that is a move of 25%. Some people would say that was a good return for a year.

I just think it is reasonable to expect upward pressure from here to a peak of "roll-out" excitement some time in November. Upasthat I would say depends on news.

I just checked the TA. My most basic system is based on the 14-day moving average of lows crossing up over the 21 day moving average of highs. That has not happened yet. The close is just above the 14 day moving average of lows.

PS made the switch to the new SI. Seems to be working smoothly.
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